The tourism sector GDP share in Colombia was forecast to continuously increase between 2023 and 2028 by in total 1.2 percentage points. The share is estimated to amount to 5.27 percent in 2028. While the share was forecast to increase significant in the next years, the increase will slow down in the future.Depited is the economic contribution of the tourism sector in relation to the gross domestic product of the country or region at hand.The forecast has been adjusted for the expected impact of COVID-19.The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in more than 150 countries and regions worldwide. All input data are sourced from international institutions, national statistical offices, and trade associations. All data has been are processed to generate comparable datasets (see supplementary notes under details for more information).

The absolute economic contribution of tourism in Colombia was forecast to continuously increase between 2024 and 2029 by in total 13 billion U.S. dollars (+62.19 percent). After the ninth consecutive increasing year, the economic contribution is estimated to reach 33.8 billion U.S. dollars and therefore a new peak in 2029. Depited is the economic contribution of the tourism sector in the country or region at hand.The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in up to 150 countries and regions worldwide. All indicators are sourced from international and national statistical offices, trade associations and the trade press and they are processed to generate comparable data sets (see supplementary notes under details for more information).

In 2021, the expenditure generated from Colombia's outbound tourism represented one percent of the country's gross domestic product (GDP). Though that figure represents an increase versus the previous year, it was still below pre-pandemic percentages.

In 2021, inbound tourism expenditures accounted for one percent of the Colombia's gross domestic product (GDP), registering an increase versus the previous year. That same year, the GDP share of Colombian outbound tourism expenditures was at one percent too.

In the fourth quarter of 2022, the contribution of the accommodation and food service industries to the Colombian gross domestic product (GDP) was the highest recorded since 2015. In total, these industries contributed nearly 16 trillion Colombian pesos to the country's economy.

Capital investment (%) of Colombia grew by 1.81% from 3.8 % in 2018 to 3.9 % in 2019. Since the 1.28% dip in 2017, capital investment (%) climb by 3.97% in 2019. The share of Travel & Tourism spending or employment in the equivalent economy-wide concept in the published national income accounts or labour market statistics. Visitor exports are compared with exports of all goods and services Domestic Travel & Tourism spending is compared with GDP Government individual Travel & Tourism spending is compared with total government spending Internal Travel & Tourism consumption is compared with total internal consumption (i.e. total domestic spending plus total export) Leisure Travel & Tourism contribution to GDP is compared with total GDP Business Travel & Tourism contribution to GDP is compared with total GDP Travel & Tourism capital investment spending is compared with all fixed investment spending

0,3 (%) in 2019. The share of Travel & Tourism spending or employment in the equivalent economy-wide concept in the published national income accounts or labour market statistics. Visitor exports are compared with exports of all goods and services Domestic Travel & Tourism spending is compared with GDP Government individual Travel & Tourism spending is compared with total government spending Internal Travel & Tourism consumption is compared with total internal consumption (i.e. total domestic spending plus total export) Leisure Travel & Tourism contribution to GDP is compared with total GDP Business Travel & Tourism contribution to GDP is compared with total GDP Travel & Tourism capital investment spending is compared with all fixed investment spending

Travel services (% of service imports) of Colombia shot up by 23.31% from 23.8 % in 2022 to 29.4 % in 2023. Since the 59.45% slump in 2020, travel services (% of service imports) soared by 119.47% in 2023. Travel covers goods and services acquired from an economy by travelers for their own use during visits of less than one year in that economy for either business or personal purposes. Travel includes local transport (i.e., transport within the economy being visited and provided by a resident of that economy), but excludes international transport (which is included in passenger transport. Travel also excludes goods for resale, which are included in general merchandise.

Colombia GDP: 2015p: sa: Mfg: TCF: Footwear, Travel Articles, Saddlery, Marinade & Dyeing of Skins data was reported at 397.876 COP bn in Sep 2018. This records an increase from the previous number of 397.188 COP bn for Jun 2018. Colombia GDP: 2015p: sa: Mfg: TCF: Footwear, Travel Articles, Saddlery, Marinade & Dyeing of Skins data is updated quarterly, averaging 432.587 COP bn from Mar 2005 (Median) to Sep 2018, with 55 observations. The data reached an all-time high of 520.276 COP bn in Dec 2008 and a record low of 364.478 COP bn in Sep 2005. Colombia GDP: 2015p: sa: Mfg: TCF: Footwear, Travel Articles, Saddlery, Marinade & Dyeing of Skins data remains active status in CEIC and is reported by National Statistics Administrative Department. The data is categorized under Global Database’s Colombia – Table CO.A009: SNA 2008: GDP: by Industry: Chain Linked 2015 Price: Seasonally Adjusted.

3,9 (%) in 2019. The share of Travel & Tourism spending or employment in the equivalent economy-wide concept in the published national income accounts or labour market statistics. Visitor exports are compared with exports of all goods and services Domestic Travel & Tourism spending is compared with GDP Government individual Travel & Tourism spending is compared with total government spending Internal Travel & Tourism consumption is compared with total internal consumption (i.e. total domestic spending plus total export) Leisure Travel & Tourism contribution to GDP is compared with total GDP Business Travel & Tourism contribution to GDP is compared with total GDP Travel & Tourism capital investment spending is compared with all fixed investment spending

In 2020, the revenue generated by the tourism sector in Colombia experienced a decline of more than 75 percent due to the coronavirus (COVID-19) pandemic. In the previous year, the South American country had registered a tourism revenue of roughly 6.8 billion U.S. dollars.

20.327,5 (Divisa nacional (Billones)) in 2019.

Colombia CO: BOP: Current Account: Imports: Service: Travel: % of Service Imports data was reported at 29.368 % in 2023. This records an increase from the previous number of 23.816 % for 2022. Colombia CO: BOP: Current Account: Imports: Service: Travel: % of Service Imports data is updated yearly, averaging 26.941 % from Dec 1968 (Median) to 2023, with 56 observations. The data reached an all-time high of 38.970 % in 1987 and a record low of 13.381 % in 2020. Colombia CO: BOP: Current Account: Imports: Service: Travel: % of Service Imports data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Balance of Payments: Current Account. Travel covers goods and services acquired from an economy by travelers for their own use during visits of less than one year in that economy for either business or personal purposes. Travel includes local transport (i.e., transport within the economy being visited and provided by a resident of that economy), but excludes international transport (which is included in passenger transport. Travel also excludes goods for resale, which are included in general merchandise.;International Monetary Fund, Balance of Payments Statistics Yearbook and data files.;Weighted average;Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.

The average for 2020 based on 5 countries was 800 thousand tourists. The highest value was in Colombia: 1396 thousand tourists and the lowest value was in Guyana: 86 thousand tourists. The indicator is available from 1995 to 2020. Below is a chart for all countries where data are available.

3,1 (%) in 2019. The annual percentage change in the 2000 US$ bn series.

In 2019, medical tourism brought more than 615 billion U.S. dollars to Colombia's economy. This figure is expected to increase to 990.5 billion dollars by 2024. In 2018, a total of 20,112 tourists visited the South American country for medical purposes.

2,2 (%) in 2019. The share of Travel & Tourism spending or employment in the equivalent economy-wide concept in the published national income accounts or labour market statistics. Visitor exports are compared with exports of all goods and services Domestic Travel & Tourism spending is compared with GDP Government individual Travel & Tourism spending is compared with total government spending Internal Travel & Tourism consumption is compared with total internal consumption (i.e. total domestic spending plus total export) Leisure Travel & Tourism contribution to GDP is compared with total GDP Business Travel & Tourism contribution to GDP is compared with total GDP Travel & Tourism capital investment spending is compared with all fixed investment spending

5,6 (%) in 2019. The share of Travel & Tourism spending or employment in the equivalent economy-wide concept in the published national income accounts or labour market statistics. Visitor exports are compared with exports of all goods and services Domestic Travel & Tourism spending is compared with GDP Government individual Travel & Tourism spending is compared with total government spending Internal Travel & Tourism consumption is compared with total internal consumption (i.e. total domestic spending plus total export) Leisure Travel & Tourism contribution to GDP is compared with total GDP Business Travel & Tourism contribution to GDP is compared with total GDP Travel & Tourism capital investment spending is compared with all fixed investment spending

Colombia GDP: GVA: Mfg: TCF: Footwear, Travel Articles, Saddlery, Marinade & Dyeing of Skins data was reported at 413.615 COP bn in Sep 2018. This records an increase from the previous number of 397.666 COP bn for Jun 2018. Colombia GDP: GVA: Mfg: TCF: Footwear, Travel Articles, Saddlery, Marinade & Dyeing of Skins data is updated quarterly, averaging 405.550 COP bn from Mar 2005 (Median) to Sep 2018, with 55 observations. The data reached an all-time high of 579.885 COP bn in Dec 2008 and a record low of 247.274 COP bn in Mar 2005. Colombia GDP: GVA: Mfg: TCF: Footwear, Travel Articles, Saddlery, Marinade & Dyeing of Skins data remains active status in CEIC and is reported by National Statistics Administrative Department. The data is categorized under Global Database’s Colombia – Table CO.A005: SNA 2008: GDP: by Industry: Current Price.

In 2022, the main reason not to travel domestically in Colombia was the personal or family's economy. According to a survey, roughly 65 percent of respondents in the South American country mentioned it as their main reason. Lack of interest was the second most popular reason among Colombians surveyed, with 15 percent of respondents. Meanwhile, holidays and recreation were the main motivation to travel domestically among Colombians in that year.